Nostra Money Market
Rejected venues wait the longest for re-review; a rejection has to earn another look before the scheduled date.
Nostra Money Market is a non-custodial lending and borrowing protocol on Starknet. At the 2026-08-14 survey it held about $3.1M, far under our $100M materiality line. Rejected on size: one practice advising 100 households moves $1M to $8M into a venue on the same research, and below $100M TVL that book becomes the exit crush. Size alone decides it, whatever the protocol’s quality.
- TVL sustained above $100M for 30 days
The research file
Mechanism applicability
Nostra presents Money Market as non-custodial lending and borrowing on Starknet: suppliers deposit crypto to earn interest and borrowers pledge collateral. The product also exposes asset-specific liquidity and borrower-default paths through non-borrowable collateral, isolated risk for exotic assets and smart liquidations. That is a live pooled-credit product, while its surveyed size makes the shared v1 below-materiality dossier the immediate screen.
Current observation and lifecycle
The DefiLlama protocol API read on 2026-08-15 classified Nostra Money Market as Lending and reported approximately $3.07M TVL and $0.81M borrowed, entirely on Starknet. Nostra’s live product page continues to invite lending and borrowing and lists supported assets and active product features, supporting an active rather than archived lifecycle.
Control and exit applicability
A supplier interacts with protocol contracts and depends on available pool liquidity to recover the supplied asset; Nostra specifically offers non-borrowable collateral as a way to minimize liquidity risk, confirming that ordinary lendable deposits are exposed to utilization. Borrowers can be liquidated when collateral protection is inadequate, and isolated exotic-asset treatment limits rather than eliminates contagion. Starknet settlement and contract administration would require separate review if the size gate clears.
Why the class rule decides
At roughly $3.07M TVL, a $1M to $8M advised allocation would be a material fraction of the entire protocol and could not be defended under stressed utilization or simultaneous exits. The shared v1 below-materiality dossier therefore decides before a full market-by-market credit review. Reopen after DefiLlama TVL remains above $100M for 30 consecutive days, then test supported assets, utilization and proposed-size withdrawals, collateral and liquidation settings, oracle and admin controls, audits and incidents, Starknet lifecycle, and named lending alternatives.
Sources
The claims above trace to these. Where a number could not be independently verified, the thesis says so.
- Nostra — live lend and borrow product · primary · accessed 2026-08-15
Supports: Starknet money market, deposit to lend, collateralized borrowing, isolated risk, liquidity risk, liquidations - Nostra — protocol FAQ · primary · accessed 2026-08-15
Supports: live protocol, deposited funds, interaction model, risks, audits - Nostra — protocol GitHub organization · primary · accessed 2026-08-15
Supports: protocol identity, lend and borrow, application, documentation links - DefiLlama — Nostra Money Market survey record · secondary · accessed 2026-08-15
Supports: current TVL, borrowed amount, Starknet perimeter, Lending category, survey observation
Inherited controls
The verdict above grades the protocol layer. Every position also inherits the asset it holds and the chain it settles on. The least safe layer sets the position’s grade, and the position table names which one that is.
| Chain | Verdict | Grade | Control constraint |
|---|---|---|---|
| Starknet | Approved · limits | hybrid | validity proofs and a regular exit window constrain control, but permissioned proposers and an instant emergency Security Council remain live dependencies. |